As SMWE has struggled in recent years and chatter in the industry about a potential sale grew to a fever pitch, many assumed the company would be sold to another wine group, with the palace intrigue who it would be. Had that happened, personnel changes might have occurred.
In many respects, the sale of Ste. Michelle marks a return to its roots. For nearly 40 years, SMWE has been a subsidiary of tobacco corporations. Now, the winery is now back to being the independent entity it was prior to What's the Cost? Published on July 12, Topics: Latest News. A dive into the diversity of Washington State wines. It looks like you're in Asia, would you like to be redirected to the Drinks Business Asia edition?
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Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. He said a short-term priority for the new capital infusion will be to ensure Ste. One new initiative Ste. Michelle is contemplating is whether they will replicate the model of their new Kirkland, Washington tasting room in other markets.
For McLaughlin, the Sycamore Partners transaction is indicative of the surging confidence investors have in our wine region. He can be reached at malberty0 gmail. To read more of his coverage, go to oregonlive. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. All rights reserved About Us. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local.
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